OGS
ONE Gas, Inc. Utilities - Utilities - Regulated Gas Investor Relations →
ONE Gas, Inc. (OGS) closed at $77.65 as of 2026-07-31, trading 11.7% above its 200-week moving average of $69.54. The stock is currently moving closer to the line, down from 15.9% last week. The 14-week RSI sits at 32, indicating neutral momentum.
Trading volume is running at 0.8x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.00 ratio) is neutral — neither side is clearly dominating.
Over the past 606 weeks of data, OGS has crossed below its 200-week moving average 13 times. On average, these episodes lasted 9 weeks. Historically, investors who bought OGS at the start of these episodes saw an average one-year return of +3.3%.
Return on equity stands at 8.1%. The stock trades at 1.4x book value.
Share count has increased 13.3% over three years, indicating dilution.
Over the past 11.7 years, a hypothetical investment of $100 in OGS would have grown to $260, compared to $440 for the S&P 500. OGS has returned 8.5% annualized vs 13.5% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: OGS vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After OGS Crosses Below the Line?
Across 13 historical episodes, buying OGS when it crossed below its 200-week moving average produced an average return of +1.3% after 12 months (median +0.0%), compared to +23.8% for the S&P 500 over the same periods. 46% of those episodes were profitable after one year. After 24 months, the average return was +10.8% vs +38.6% for the index.
Each line shows $100 invested at the moment OGS crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. OGS currently has negative free cash flow, so price-based dislocation levels are not available. The score still tracks yield deviation from baseline.
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from OGS's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
OGS has crossed below its 200-week MA 13 times with an average 1-year return of +3.3% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Mar 2020 | Mar 2020 | 1 | 7.3% | +13.2% | +41.1% |
| Jun 2020 | Jun 2020 | 1 | 1.2% | +5.8% | +29.6% |
| Aug 2020 | Nov 2020 | 11 | 10.0% | -0.5% | +27.1% |
| Jan 2021 | Mar 2021 | 12 | 11.4% | +12.3% | +29.3% |
| May 2021 | Dec 2021 | 30 | 15.6% | +19.5% | +24.9% |
| Feb 2022 | Feb 2022 | 1 | 0.8% | +11.6% | +20.8% |
| Sep 2022 | Oct 2022 | 4 | 7.9% | +0.2% | +26.3% |
| Nov 2022 | Jan 2023 | 5 | 4.1% | -15.0% | +21.1% |
| Mar 2023 | Mar 2023 | 1 | 1.4% | -11.7% | +17.7% |
| Jul 2023 | Jul 2023 | 1 | 0.6% | -12.1% | +16.9% |
| Aug 2023 | Sep 2023 | 1 | 0.6% | -1.8% | +17.5% |
| Sep 2023 | Sep 2024 | 51 | 18.1% | +4.5% | +17.2% |
| Jan 2025 | Jan 2025 | 1 | 1.1% | +17.4% | +20.4% |
| Average | 9 | — | +3.3% | — |
Frequently Asked Questions
Is OGS below its 200-week moving average?
No. ONE Gas, Inc. (OGS) is currently 11.7% above its 200-week moving average of $69.54. It would need to fall to $69.54 to cross below the line.
What is OGS's 200-week moving average price?
ONE Gas, Inc.'s 200-week moving average is $69.54 as of 2026-07-31. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when OGS drops below its 200-week moving average?
OGS has crossed below its 200-week moving average 13 times in our data. On average, buying at that moment produced a one-year return of +3.3%. These dips have historically been decent entry points. These episodes lasted 9 weeks on average.
Is OGS a good value right now?
Here's what our data says about OGS as of 2026-07-31: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 32. Return on equity is 8.1%. Price-to-book is 1.4x. This is not a buy or sell recommendation — always do your own research.
How does OGS compare to the S&P 500?
Over the past 11.7 years, $100 invested in OGS would have grown to $260, compared to $440 for the S&P 500. That's 8.5% annualized vs 13.5% for the index. OGS has underperformed the broader market over this period.
Does OGS pay a dividend?
Yes. ONE Gas, Inc. currently pays a dividend yield of 348.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-07-31